BlackRock’s BUIDL Fund Tokenizes $500 Million on Avalanche Blockchain

The move places Avalanche among the top four blockchains by real-world asset total value locked (TVL), highlighting growing institutional engagement.

AVAX
BUIDL

Summary

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Terms & Concepts
  • Tokenization: The process of converting real-world assets like stocks or funds into digital tokens on a blockchain for ease of transfer and tracking.
  • Real-World Assets (RWA): Physical or traditional financial assets that are represented and managed on blockchain networks as digital tokens.
  • Total Value Locked (TVL): A measure of the total capital held within a blockchain protocol, representing the value of assets being used or staked.